Funko Inc (NASDAQ:FNKO) Given Consensus Recommendation of “Buy” by Analysts
Shares of Funko Inc (NASDAQ:FNKO) have been assigned a consensus recommendation of “Buy” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $27.56.
A number of equities research analysts have commented on the stock. ValuEngine downgraded shares of Funko from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. DA Davidson increased their price objective on shares of Funko from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus increased their price objective on shares of Funko from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Friday. BMO Capital Markets increased their price objective on shares of Funko from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday. Finally, Zacks Investment Research raised shares of Funko from a “sell” rating to a “hold” rating and set a $25.00 price objective on the stock in a research report on Monday, May 6th.
Shares of NASDAQ:FNKO traded up $0.21 during trading hours on Thursday, reaching $23.80. The stock had a trading volume of 681,695 shares, compared to its average volume of 670,276. Funko has a 1 year low of $11.22 and a 1 year high of $31.12. The business’s 50 day moving average is $23.12. The company has a quick ratio of 1.31, a current ratio of 1.94 and a debt-to-equity ratio of 0.72. The stock has a market cap of $1.15 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 1.37 and a beta of 2.09.
In related news, major shareholder Fifth Street Station Llc bought 245,224 shares of the stock in a transaction dated Monday, June 3rd. The stock was acquired at an average price of $19.99 per share, for a total transaction of $4,902,027.76. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President Andrew Mark Perlmutter sold 55,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $23.01, for a total transaction of $1,265,550.00. The disclosure for this sale can be found here. In the last 90 days, insiders bought 476,418 shares of company stock valued at $9,723,183 and sold 1,438,207 shares valued at $34,388,508. Corporate insiders own 16.26% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Bank of Montreal Can boosted its stake in Funko by 7,766.7% during the 2nd quarter. Bank of Montreal Can now owns 1,416 shares of the company’s stock worth $34,000 after purchasing an additional 1,398 shares during the period. Freestone Capital Holdings LLC acquired a new stake in Funko during the 2nd quarter worth $7,293,000. First Trust Advisors LP boosted its stake in Funko by 11.8% during the 1st quarter. First Trust Advisors LP now owns 20,936 shares of the company’s stock worth $455,000 after purchasing an additional 2,211 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Funko by 58,400.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,340 shares of the company’s stock worth $51,000 after purchasing an additional 2,336 shares during the period. Finally, AXA boosted its stake in Funko by 3.6% during the 2nd quarter. AXA now owns 74,800 shares of the company’s stock worth $1,812,000 after purchasing an additional 2,600 shares during the period. Institutional investors and hedge funds own 46.64% of the company’s stock.
Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, China, Vietnam, and the United Kingdom. The company offers vinyl, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.
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